4, WOOLPACK MEADOWS, NORTH SOMERCOTES, LOUTH, LN11 7QG - £180,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 WOOLPACK MEADOWS is a very small extended terraced house of 76m², built sometime between 2003 and 2006, which could now be worth an estimated £178,725. It was last sold for £180,000 in July 2022, which was around 22% above the average July 2022 terraced price in the East Lindsey local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

4 WOOLPACK MEADOWS Sold Prices

Land registry data shows three sales for 4 WOOLPACK MEADOWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. All of the three 4 WOOLPACK MEADOWS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 22 JUL	£180,000	£147,106	22% above HPI
2015 8 JUL	£111,000	£97,632	14% above HPI
2006 10 AUG	£116,750	£98,088	19% above HPI

4 WOOLPACK MEADOWS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The three 4 WOOLPACK MEADOWS sales between August 2006 and July 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2015 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2022 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 4 WOOLPACK MEADOWS be worth now?

4 WOOLPACK MEADOWS might now be worth an estimated £178,725.

This is based on house price deflation of 0.7%, between July 2022 and April 2026, for terraced houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 4 WOOLPACK MEADOWS of £180,000 on 22nd July 2022. For the value to have decreased from £180,000 to £178,725 over the four years and three months to April 2026, the following assumptions must hold true:

• The value of 4 WOOLPACK MEADOWS has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The July 2022 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WOOLPACK MEADOWS has not materially changed since July 2022.

How Large is 4 WOOLPACK MEADOWS?

4 WOOLPACK MEADOWS is 76m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of terraced houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in North Somercotes, and where 4 WOOLPACK MEADOWS lies on this distribution: 18% of terraced houses houses are smaller than 4 WOOLPACK MEADOWS, and 82% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

4 WOOLPACK MEADOWS: Plot and Title Map

4 WOOLPACK MEADOWS sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 4 WOOLPACK MEADOWS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 WOOLPACK MEADOWS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 WOOLPACK MEADOWS?

4 WOOLPACK MEADOWS is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 4 on WOOLPACK MEADOWS.